Southern Copper Corporation (NYSE:SCCO) has announced the resumption of construction on its Tia Maria project in the Islay province of Arequipa, Peru, following discussions with the Peruvian government.

The Peruvian branch, SPCC, confirmed the restart on July 1, 2024, citing improved social and political conditions as key factors for this decision.

The company aims to ensure stability and progress in the region through this renewed effort.

The Tia Maria project has faced several delays in the past due to local opposition and regulatory hurdles.